India's Manufacturing Slows A Tad, But Remains In Expansion Mode: Survey The survey encompasses responses collected by sending questionnaire to the purchasing managers in a panel of around 400 manufacturers

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


According to a recent survey report, India's activity in the manufacturing sector slowed in September, but remained strongly in the expansion mode for the 15th consecutive month, elevating the business optimism with rise in production where there showed a decline in the input cost inflation.

The S&P global India manufacturing purchasing index slips to 55.1 in September from 56.2 in August. The point above 50 on the index reflects expansion while below that indicates contraction in activity. The survey encompasses responses collected by sending questionnaire to the purchasing managers in a panel of around 400 manufacturers.

"The latest set of PMI data show us that the Indian manufacturing industry remains in good shape, despite considerable global headwinds and recession fears elsewhere," said Pollyanna De Lima, global market intelligence economics associate director, S&P, in a statement.

"New orders and production have substantially increased in September, with some leading indicators suggesting that output is set to likely expand more at least in the short-term," added Lima.

According to the survey, the overall level of positive sentiment seen in September was the best in over seven and a half years. It also stated that the anecdotal evidence pointed to greater demand from domestic and global clients and ongoing increases in new work and efforts to lift production boosted job creation in September, which rose at the quickest pace in three months.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics


International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Business News

Lululemon Founder Bashes Company's 'Diversity and Inclusion', Calls Models 'Not Inspirational': 'You're Not Everything to Everybody'

Chip Wilson left the company in 2015 after controversial comments forced him to step down as CEO in 2013.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Here Are 3 Strategies Startup Founders Can Use to Approach High-Impact Disputes

The $7 billion "buy now, pay later" startup Klarna recently faced a public board spat. Here are three strategies to approach conflict within a business.